Newport Beach Attorney to Plead Guilty to $8 Million Loan Fraud

Newport Beach Attorney to Plead Guilty to $8 Million Loan Fraud
The Orange County Courthouse in Santa Ana, Calif., on Oct. 22, 2020. John Fredricks/The Epoch Times
City News Service
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SANTA ANA, Calif.—A Newport Beach attorney who boasted of providing loans to wealthy and famous clients has agreed to plead guilty to a fraud scheme that bankrolled a gambling habit and a lavish lifestyle, prosecutors said June 13.

Sara Jacqueline King, 39, agreed to plead guilty to wire fraud and money laundering in an agreement filed Monday, federal prosecutors said. King is expected to make her initial court appearance in the case June 20.

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